Stocks end mixed; Dow up for tenth straight day

dipped 2.3%, down for a second straight day after the video streaming company's quarterly results this week failed to impress.

Analysts attributed Friday's volatile trading to the expiration of monthly options and the expected special rebalancing of the multi-trillion dollar Nasdaq 100Traders work on the floor of the New York Stock Exchange in New York City, U.S., July 20, 2023. REUTERS/Brendan McDermid The Nasdaq declined 0.22% to 14,032.81 points, while Dow Jones Industrial Average rose 0.01% to 35,227.69 points.The Nasdaq has rallied about 34% this year, lifted by optimism over artificial intelligence, a relatively resilient U.S. economy and expectations that the Federal Reserve's aggressive rate hike cycle will end soon.

While the Fed is widely expected to raise interest rates by 25 basis points at its July 25-26 meeting, investors have mixed views on the central bank's longer-term monetary policy.

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